Retirement savings account

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A retirement savings account is a type of retirement plan account that is envisioned to replace all three different types of individual retirement accounts that are currently used in the United States: traditional IRA, Roth IRA and Simple IRA.[1] Contributions would be made on an after-tax basis;[2] this is a major part of what the George W. Bush Administration's called the ownership society.

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  1. ^ Staff, Investopedia (2003-11-25). "Savings Account". Investopedia. Retrieved 2018-05-19.
  2. ^ "How Will I calculate my IRA deduction". Retrieved 2018-05-19.

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